Jim Cramer, portfolio manager of TheStreet's Action Alerts PLUS and host of CNBC's "Mad Money," says he's not going to pound the table on Target (TGT - Get Report) even though the company reported a higher profit. Cramer said Target's numbers looked better than Nordstrom (JWN - Get Report) and Macy's (M - Get Report) did, but that Target stock is retreating because its online sales missed expectations. Action Alerts PLUS currently holds the stock.
Several viewers asked about food stocks, including whether Whole Foods (WFM) has bottomed out. Cramer said that the company is buying back stock and has a lot of firepower, but he adds the stock is closer to a bottom than a top. He doesn't like that Whole Foods is borrowing money to buy back stock, because he'd rather see the company use that money to expand. Cramer did add, "The stock has a better feel than it did for a very long time."
Cramer was also asked about General Mills (GIS - Get Report) and said an investor won't go wrong with that name, especially as the company ups its offerings of natural and organic foods. He also said WhiteWave (WWAV) , which is a stock the Action Alerts PLUS portfolio owns, has gotten so cheap after a really great quarter that he'd be surprised if someone didn't snap it up. He said the stock is moving in sympathy with Hain (HAIN - Get Report) which did not have a good quarter.
About Starbucks (SBUX - Get Report) , which Cramer called "one of the great performers of this particular era," and it, like Nike (NKE - Get Report) , he said is a stock to be in. Action Alerts PLUS currently holds Starbucks.
One viewer asked why American Express (AXP - Get Report) can't grow while other credit card companies are at highs, and he said that the company is up against PayPal (PYPL - Get Report) , Visa (V - Get Report) and MasterCard (MA - Get Report) , which are very competitive and aggressive for business.
Marriott (MAR - Get Report) was the subject of another question, when a viewer asked if holiday travel will give the stock an upside. Cramer said Marriott's deal with Starwood (HOT) is worth more, and that in the past Action Alerts PLUS sold a lot of the stock at $85. Cramer said he'd buy it back at $70.